Compensation Analyst

JOB SUMMARY:

The Compensation Analyst supports the development, implementation, and administration of compensation programs and policies. In partnership with Talent Acquisition and Human Resources Partners, as well as department managers, the Compensation Analyst performs job evaluations and market analysis to establish competitive and equitable salary ranges in alignment with RISD’s compensation philosophy. The Compensation Analyst collaborates with the HRIS Manager to develop and maintain compensation-related structures and business processes. 

ESSENTIAL FUNCTIONS/DUTIES:

•  Builds and maintains consultative relationships with managers, HR partners, and Talent Acquisition Partners, providing timely and accurate interpretation and guidance regarding compensation policies, processes, practices, plans, legislation, and questions.  

• Reviews job descriptions to ensure they accurately capture the essential functions and requirements to assign Fair Labor Standards Act (FLSA) classifications and salary grades. Updates and maintains the job description library for all staff employee positions throughout the college.

• Leads the staff job evaluation process. Identifies and recommends potential areas of process improvement. Creates and develops documentation, tools, and materials to guide managers and HR Partners through the job evaluation process, providing relevant information on compensation-related legislation to promote informed decision-making.

• Conducts market research and analyzes survey data to develop competitive and equitable compensation ranges for each position in alignment with RISD’s compensation philosophy and pay equity legislation. 

• Builds dashboards and reports to track compensation spending. Creates clear, visually polished, and analytically sound data summaries.

• Manages the annual survey submission process. Proactively identify gaps in survey data sources relevant to RISD’s positions and recommend additional data sources as appropriate.

• Researches employee compensation in similar industries and recommends changes or updates to RISD’s existing compensation practices, policies, and programs. 

• Provides compensation support to meet contractual obligations outlined in collective bargaining agreements. Manages union compensation processes and pay programs in Workday. Supports employee bargaining unit negotiations as requested. Maintains predictive models as needed throughout the bargaining process as needed.   

• Acts as the Compensation subject matter expert for Workday. Reviews and approves Compensation transactions. Partners with HRIS to develop and maintain business processes that drive operational efficiencies. Audits compensation transactions and data to ensure data integrity.  Identifies issues, collaborates with HRIS and relevant partners to develop potential solutions, tests, and implements resolutions as necessary.

ADDITIONAL FUNCTIONS:

Performs other related duties as assigned.

JOB QUALIFICATIONS/SPECIFICATIONS

KNOWLEDGE/SKILLS/EXPERIENCE REQUIRED:

• Bachelor’s degree in Human Resources, Business Administration, Finance, or an equivalent combination of education and experience is required.

• 3 to 5 years of experience in compensation administration or Human Resources is required.

• Certified Compensation Professional (CCP) designation or progress towards certification is desirable.

• Strong analytical and quantitative skills, including the demonstrated ability to complete market research, analyze data, and build cost modeling tools, are required.

• Demonstrated understanding and knowledge of pay and pay equity legislation, including the Fair Labor Standards Act. 

• Experience with Workday. Experience with compensation analytic software is desirable.

• Strong attention to detail.

• Proficiency in Microsoft Office, including intermediate to advanced Excel; experience with other data analysis tools is helpful.

• Strong interpersonal and communication skills with the ability to handle sensitive information with professionalism and discretion.

Union:

No

Work Schedule:

35 hours per week

12 months per year

Employment Status:

Full-time; Exempt

Grade:

540EX

Work Modality:

“Hybrid Eligible”

“On-site Required"

Documents Needed to Apply:

• Resume (Required)

• Cover Letter (Required)

Salary Grade Structure

Incomplete applications will not be considered. Please upload all required documents.

The successful candidate will be required to meet our pre-employment background screening requirements.

RISD recognizes diversity and inclusivity as fundamental to its learning community and integral to an art and design education. We welcome candidates whose experience has prepared them to contribute to our commitment to diversity and excellence. RISD is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, sex, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, genetics, or any other protected characteristic as established by law.